"Trade frictions or trade disputes between China and the United States will not lead to a Sino-U.S. trade war," said Chinese Vice Commerce Minister Zhong Shan February 8.
More than 90 percent of people think the neo-rich in China have benefited from networking with government officials, a recent survey has found.
Property speculators from Wenzhou who contributed to the sky-high real estate prices in the country's largest city are moving their cash into debt-laden Dubai.
China is to speed up restructuring in the steel sector, to address overcapacity and low industry concentration, the Securites Daily reported Monday, citing a senior official.
The Industrial and Commercial Bank of China said yesterday it would apply stricter approval rules to property lending this year to balance its loan structure and stem rising credit risks.
Beijing's per capita gross domestic product exceeded 10,000 U.S. dollars for the first time last year after a strong economic recovery, a local statistics official said.
The unemployment rate for OECD area remained at 8.8 percent in December 2009, the same with last month, but 1.8 percentage points higher from a year earlier.
| Currencies | Buying Rate | Middle Rate |
|---|---|---|
| USD | 681.28 | 682.73 |
| EUR | 928.74 | 932.85 |
| GBP | 1059.65 | 1066.32 |
| JPY | 7.6194 | 7.6398 |
| HKD | 87.67 | 87.85 |
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